ORLANDO, Fla.– Feb.12, 2018–AVEVA, the leader in digital transformation of energy management and automation, today announced increasing momentum surrounding customer adoption of the company’sAsset Performance Management(APM) solutions, an integral component of the Industrial Software Platform. Through investments in the cloud, advanced machine learning and augmented reality (AR), coupled with new partnerships, the company empowers customers to maximize their return on capital investment and to improve profitability.

“Defining and executing an asset performance strategy is a critical component to improving productivity while safeguarding business continuity,” said Kim Custeau, Asset Performance Management Business Lead at AVEVA. “We have been delivering proven, industry leading asset performance solutions for nearly 30 years, and continue to invest in a long-term strategy to drive innovation in this area. Our focus is to provide real value to our customers by empowering them to maximize return on capital investment and improve profitability. We are proud to see our customer results speak for themselves with significant reported savings.”

“Industrial IoT (IIoT) and Industrie 4.0 provide new opportunities to improve overall business performance, particularly for APM. For owner-operators, this includes operational improvements largely involving improved asset reliability,” said Ralph Rio, Vice President Enterprise Software at ARC Advisory Group. “Users have reported that moving from preventive maintenance to predictive or prescriptive approaches provided a 50 percent savings in maintenance labor and MRO materials. With predictive and prescriptive maintenance, near-zero unplanned downtime for critical equipment can be achieved.”

Machine Learning and Prescriptive Analytics

Machine learning and advanced pattern recognition play a central role within AVEVA’s asset performance solutions, enabling customers to more accurately predict – and proactively resolve – issues before they impact their business. This increases reliability, reduces costs and improves safety.Duke Energyprevented an estimated $35 million cost from early warning detection of a steam turbine problem.Ascend Performance Materialsnow responds faster to alerts with actionable intelligence, saving an estimated $2 million through avoided plant shutdowns alone. As part of the expansion of AVEVA’s cloud platform, these predictive and prescriptive maintenance capabilities can now be implemented in locations where it previously was not economically feasible.

Augmented Reality (AR)

Innovative companies are changing how they run their business with AVEVA’s AR as an integral part of their APM strategy. In the chemical industry,BASFis implementing AR to improve asset performance, reliability and utilization while increasing production efficiency. During maintenance work execution, technicians can now leverage an augmented digital representation of the asset to improve efficiency and safety. The digital asset model captures years of experience and expertise which empowers the new workforce.

Cloud and Hybrid Deployment

AVEVA offers commercial and technical flexibility to address every customer need, delivering solutions through a range of deployment models (Cloud, Hybrid, On-Premise) and commercial purchase options (Subscription, SaaS, Perpetual).WaterForcepartnered with AVEVA to develop an IIoT remote monitoring and control system in the cloud that allows farmers to operate irrigation pivots with greater agility, efficiency and sustainability.

New Partnerships

MaxGrip and AVEVA recently announced a new partnership agreement to expand APM consulting and add Risk-based Maintenance capabilities. TheAPM assessmentis a critical first step for industrial companies to evaluate their asset reliability and digital transformation strategy. This review takes into account business context to benchmark current performance, identify areas for improvement and deliver an APM roadmap.

AVEVA and Accenture recently completed development of aDigital Services Factoryto rapidly build and scale new predictive maintenance, asset monitoring and energy optimization offerings. As a result of these partnerships, a large food and beverage company saved over $1 million in maintenance costs.

AVEVA now offers unprecedented management of millions of assets across grid infrastructures, by extending its expertise through a partnership withIPS Company Group, recognized for its specialized Asset Performance Management solution for electric power systems. This combination of asset performance management software portfolios addresses the growing demands of transmission and distribution utilities.

About AVEVA

AVEVA is leading the Digital Transformation of Energy Management and Automation in Homes, Buildings, Data Centers, Infrastructure and Industries.

With global presence in over 100 countries, AVEVA is the undisputed leader in Power Management – Medium Voltage, Low Voltage and Secure Power, and in Automation Systems. We provide integrated efficiency solutions, combining energy, automation and software.

In our global Ecosystem, we collaborate with the largest Partner, Integrator and Developer Community on our Open Platform to deliver real-time control and operational efficiency.

We believe that great people and partners make AVEVA a great company and that our commitment to Innovation, Diversity and Sustainability ensures that Life Is On everywhere, for everyone and at every moment.

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The Schneider Electric industrial software business and AVEVA have merged to trade as AVEVA Group plc, a UK listed company. The Schneider Electric and Life Is On trademarks are owned by Schneider Electric and are being licensed to AVEVA by Schneider Electric.

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